The cryptocurrency world is paying close attention to Bitcoin price patterns ahead of halving events, and a recent analysis from expert Mags provides important insights. He noted that, historically, the price of Bitcoin tends to fall against the dollar in the months leading up to the halving, but recovers afterwards.
Halving is a scheduled event on the Bitcoin network that halves the rewards per block mined, occurring approximately every four years. This mechanism directly impacts the supply of new bitcoins, influencing the market price.